ITEM 3.2B SCC 5.13.2019 MinutesITEM 3.213
SPECIAL CITY COUNCIL MEETING
OTSEGO PRAIRIE CENTER
MAY 131 2019
Call to Order.
Mayor Jessica Stockamp called the meeting to order at 5:30 PM.
Roll Call: Mayor Jessica Stockamp; Councilmembers: Corey Tanner, Tom Darkenwald, Tina
Goede and Jason Warehime. Staff: Adam Flaherty, City Administrator/Finance Director.
1. Discussion of Marketing City Owned Properties.
A. 5:30 — Arrow Companies
Representatives Steve Fischer and Chad Weeks from Arrow Companies were present
and reviewed each of the three parcels owned by the City. There was discussion on
some of the challenges of the properties including the need for fill soil, deed restrictions
and existing special assessments. There was discussion on their proposed marketing
efforts and market expectations. Arrow Companies highlighted that they have been in
business for 15 years and also offer general contractor services and sometimes can be a
one-stop shop for end users. Arrow Companies thanked the City Council for the
opportunity to meet with the City.
B. 6:15 — Commercial Realty Solutions
Representative Wayne Elam from Commercial Realty Solutions (CRS) was present and
reviewed each of the three parcels owned by the City. There was discussion about the
current development market within the City and the surrounding areas. CRS specifically
noted there is a current shortage of existing buildings and that in his opinion that this is
the best market since 2005, although prices have not yet risen to prices back then. CRS
outlined their proposed marketing efforts and expectations. CRS highlighted that they
have been in business for 10 years and that they now have 8 staff including a new office
in St. Cloud. CRS thanked the City Council for the opportunity to meet with the City.
The City Council reviewed each of the discussions with City Administrator/Finance Director
Flaherty. There was discussion regarding the different marketing efforts and the expected
listing prices. The City Council directed City Administrator/Finance Director Flaherty to send the
applicable deed restrictions, soil fill estimates and special assessment amounts to both Arrow
Companies and CRS. Further, the City Council is hoping that information will help generate a
more educated proposal for consideration at a future meeting.
2. Adjourn.
CM Warehime motioned to adjourn. Seconded by CM Goede. All in favor. Motion
carried. Adjourned at 6:59 PM.
ATTEST:
Adam Flaherty, City Administrator
Mayor Jessica Stockamp